The IEA's revised oil demand forecasts are mainly due to the rapid adoption of electric vehicles.

India Reduces Dependence on OPEC by Doubling Purchases of Russian Oil.

Analysis of the Biden administration's decision to ease sanctions on the Venezuelan oil sector and its implications for the global energy market and international players.

The unexpected reduction in US oil inventories is affecting the economy and energy markets.

The US military build-up in the Middle East region in response to the escalating conflict between Israel, Hamas and Iran is affecting energy markets.

Russia's oil export revenues reached their highest level since July 2022 in September 2023 despite sanctions.

Oil prices rose following the IEA's monthly report, which warned of possible diesel shortages in Europe. The conflict between Hamas and Israel has had no direct impact on oil flows. Investors are awaiting data on US oil inventories for the previous week.

Black gold in constant demand. OPEC forecasts continued growth in global oil demand until 2045.

A historic merger reshapes the future of the US energy industry.

Examination of the appointment of Wopke Hoekstra, the new European Commissioner for Climate, raises concerns about his background in the oil industry. MEPs are preparing to vote on its confirmation, which will have a major impact on the EU's environmental direction in the run-up to COP28.

A controversial decision: UK grants permission for Rosebank oilfield development

The Yasuni referendum in Ecuador marked a turning point in the debate over the country's oil industry, with a 58.95% majority in favor of halting oil production in the Yasuni-ITT reserve. This decision underlines the continuing tension between the oil industry and environmentalists, and could influence other South American countries.

The Biden administration is banning oil drilling in a large area of northern Alaska to combat the climate crisis, despite having previously authorized a similar project. The decision has met with mixed reactions, with some believing it is designed to enhance President Biden's climate credentials.

The major oil and gas companies are stagnating in their climate commitments, while European companies stand out, but questions persist as to their credibility. Saudi Aramco, on the other hand, ranks last in terms of climate efforts.

Taiwanese President Tsai Ing-wen supports the creation of a strategic oil reserve in Eswatini, strengthening diplomatic relations between the two nations. This initiative aims to secure the country's energy supply, while underlining the importance of the friendship between Taiwan and Eswatini despite diplomatic pressure from Beijing.

Oil prices hit a nine-month high due to production cuts by Saudi Arabia and Russia, creating tensions in the market. Analysts at Rystad forecast a deficit of 2.7 million barrels per day in the final quarter of the year, raising concerns about future supply despite sustained demand.

Shell announces the sale of its retail electricity and gas distribution business in the UK and Germany to Octopus Energy. This decision is part of Shell's strategy to refocus on energy, and forms part of the previously announced sale of its European retail business.

Oil prices continue to climb on expectations that Saudi Arabia and Russia will extend their production cuts for October.

While Ecuador halts oil production in the Amazon, Brazil under the Lula government invests massively in oil exploration near the mouth of the Amazon. The "FZA-M-59" exploration project is being criticized for its lack of environmental consistency, despite its climate commitments.

Oil companies are facing criticism for their investments in fossil fuels despite commitments to the energy transition.

Ecuador's Minister of Energy, Fernando Santos, highlights the complexity of dismantling the Yasuni oilfield in the year since the vote to halt production. This decision, while welcomed by environmentalists, creates economic concerns, as "block 43" makes a significant contribution to the state budget.

Weekly US crude oil reserves fell significantly last week, exceeding analysts' expectations, while gasoline inventories rose. Oil production is at its highest level since the pandemic, but demand has weakened, impacting oil prices.

Bulgaria is considering a premature ban on Russian oil imports before the expiry of the EU derogation, motivated by considerations of diversification and energy security.

Discussions in Ankara between Iraqi and Turkish oil ministers to resolve obstacles to the resumption of Iraqi oil exports via the Turkish port of Ceyhan, following an arbitration ruling concerning oil exports from Iraqi Kurdistan without Baghdad's agreement.

China's crude oil imports from Saudi Arabia and Russia rose in August after falling back in July, but Chinese refineries are still awaiting further announcements on import quotas. The upturn in Saudi export volumes takes place against a backdrop of OPEC+ production cuts.

The approach of Hurricane Hilary is raising concerns about refinery operations on the West Coast of the United States, leading to higher prices for refined products due to potential disruptions.